Allocative efficiency best explains ________, and productive efficiency best explains ________.
A) how something will be produced; when something will be produced
B) when something will be produced; why something will be produced
C) why something will be produced; what will be produced
D) what will be produced; how something will be produced
Correct Answer:
Verified
Q99: The Coffee Nook, a small cafe near
Q100: Who receives the most of what is
Q101: All of the following contributed to the
Q102: Which of the following statements about competition
Q103: Markets promote
A)equity and competition.
B)voluntary exchange and equality.
C)equity
Q105: In economics, the term "equity" means
A)everyone has
Q106: _ increases economic efficiency because it forces
Q107: Productive efficiency is achieved when
A)firms add a
Q108: Which of the following is motivated by
Q109: Which of the following is an example
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents